An industrial asset in Surrey sold for £3.92m under the hammer as Acuitus raised £28.76m at its latest commercial property auction with the sale of 86% of the properties offered.

The freehold of the 43,154-sq ft Hoppings Timber Yard in Lingfield in east Surrey is let on a new 15-year lease at a current annual rent of £275,000. The purchase price reflected a net initial yield of 6.5%.

Acuitus Director Charlie Powter comments: “With a new long lease in place to a good covenant, this 3.78-acre property with low site coverage of 26% also offers the potential for longer term asset management

Tips to prepare your house for a viewing

The ‘For Sale’ sign is up and you’re hoping to secure a buyer for your house. Now’s the time to roll up your sleeves and do what you can to sell your property.

When viewing a house, potential buyers often need a little guidance to see its full potential. From decluttering the living room to tidying away your bins, here are some tips on how to get your house ready for a viewing.

First impressions count

Visitors will start evaluating the property the moment they arrive, so first impressions really do count. To kick the preparation off

Want to sell your house by private treaty before Christmas? You may already be too late, says Auction House, after record sales 

Auction House is reporting its best-ever half year results in terms both of lots sold and money raised.

In the first six months of 2022, the group sold 1,975 lots from 2,338 offered (a success rate of 84.5%) and raised over £316m (£316,581,100) in the process. This marks a 12% increase in sales since the company’s previous best figures in 2019, when 1,752 lots were sold (from 2,277 offered).

It also represents a 13% increase in money

On Thursday 14th July Sutton Kersh Auctions held their fourth auction of the year, marking the halfway point for the business.

The team sold over 30% of their Lots prior to the live streamed online event, equating to a sales value of over £3 million, and including the auction the total came to £7.2 million worth of property. This brings their half year sales to a total of £37 million through 310 properties sold at 4 auctions. Cathy Holt, Sutton Kersh Auctions, Associate Director said ‘Properties are still attractive investments for many. We have seen a rise in first time buyers who are

Auction House London sales buck the trend despite reports of the cooling housing market

Properties are still in high demand say auctioneers at Auction House London with no drop in the number of lots selling or in the number of bidders registering to buy at auction.

In its recent sale (Wednesday 29 June 2022) 92% of the 130 lots offered, sold, raising more than £25m (£25,109,500).

Auctioneer and Director of Auction House

Homes across East Midlands in need of refurbishment will be a major draw at Bond Wolfe’s next auction on Thursday 21 July.

It will feature a string of bargain-priced fixer-uppers suitable for buyers ranging from families looking for their first step on the property ladder to experienced investors aiming to expand their property portfolios.

For instance, a three bedroomed end-terrace house at 38 Oxford Street, Church Gresley, Swadlincote, in Derbyshire, has a guide price* of just £39,000-£44,000.

With gardens front and rear, gas central heating and double glazing

A Grade-II listed manor house in Staffordshire currently run as a boutique hotel and wedding venue will catch the eyes of bidders at the next Bond Wolfe property auction on Thursday 21 July.

The Manor Guest House at Watt Place, Cheadle – just a 15-minute drive away from the popular Alton Towers – boasts 11 ensuite bedrooms, a three bedroomed owners’ apartment and a separate three-bedroomed bungalow.

The freehold property will have a guide price* of £705,000+ in Bond Wolfe’s first return to the auction room in two-and-a-half years, a sale that will also be live-streamed online.

Ian

7th July 2022 – There were plenty of renovation opportunities available in SDL Property Auction’s June auction, with everything from classic terrace properties to former police stations going under the hammer.

Lot 1, 41 Derby Road in Belper (pictured) was one of the most anticipated lots of the day, with its requirement for full renovation, and the potential that provided, proving popular. With three bedrooms and ample room for improvement this property had a guide price of £88,000+ plus fees and eventually sold for £192,000, more than double its guide price.

Andrew Parker, Managing

Bond Wolfe is to return to the auction room for the first time in two and a half years when the Birmingham-based business holds its next property sale on Thursday 21 July.

The July auction will be held in its previous regular venue, The Holte Suite at Aston Villa FC, and will be both live for the return to the auction room and live-streamed online.

Gurpreet Bassi, chief executive of Bond Wolfe, said: “The Covid 19 pandemic hit all sectors of the UK economy like a ton of bricks in March 2020, but we were well placed to move the business wholly online with minimal disruption after our

Property investors with an interest in all things crime could be in luck as a former Derbyshire police station is set to go to auction on Thursday 30th June with SDL Property Auctions, providing a unique opportunity for residential renovation.

The former police station in Shirebrook on Central Drive is a detached two-storey building with a large car park to the side and rear which could be prime for extension, subject to obtaining planning consent.

Entering the building, the property retains the bulk of its original features while in use as a police station including